Household Vacuum Cleaners Market 2021 Is Expected to Grow at CAGR of 4.4% with Industry Top Leading Players, Size, Share, Growth Factors, Trends, Competitive Landscape and Regional Forecast 2028

The Household Vacuum Cleaners Market was valued at US$ 41,490.9 million in 2020 and is projected to reach US$ 58,439.6 million by 2028; it is expected to grow at a CAGR of 4.4% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Impact of COVID-19 Pandemic on Household Vacuum Cleaners Market:

COVID-19 outbreak pandemic has drastically altered the status of the household vacuum cleaners market. The outbreak has declined operational efficiency and interrupted value chains owing to the sudden closure of national and international boundaries, thereby creating revenue loss and damage. The disruptions in value chain has restricted the supply of raw material, which, in turn, is hindering the growth of the market and affecting the development of the end-use industries. However, as the economies are planning to revive their operations, the demand for household vacuum cleaners is expected to rise globally in coming months.

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Household vacuum cleaner is an electrical household appliance which is used to clean and remove debris from floors, upholstery, draperies, and other surfaces with the use of suction. The household vacuum cleaners are available in various sizes and shapes as well as in different type of models which includes upright, canister, handheld, and robotic, among others. To provide convenience, ease of use and efficient cleaning the household vacuum cleaners are available in cordless making it portable, which can be carried and used for cleaning different areas of the house.

The Insight Partners adheres to the codes of practice of the Market Research Society and Strategic and Competitive Intelligence Professionals. The following methodology has been followed for the collection and analysis of data presented in this report:

Coverage:

The objective of updating “The Insight Partners” coverage is to ensure that it represents the most up-to-date vision of the industry possible. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized.

Secondary Research:

The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information relating to each Market. The secondary research sources that are typically referred to include, but are not limited to:

  • Company Websites, Annual Reports, Financial Reports, Broker Reports and Investor Presentations
  • Industry Trade Journals and Other Literature
  • National Government Documents, Statistical Databases and Market Reports
  • News Articles, Press Releases and Web-Casts Specific to the Companies Operating in the Market

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The Key Players profiled in the Household Vacuum Cleaners Market research study includes:

  • BISSELL
  • Electrolux
  • Koninklijke Philips N.V.
  • Stanley Black & Decker, Inc.
  • Haier Group
  • Dyson Limited
  • Eureka Forbes
  • Groupe SEB
  • Miele
  • Oreck Corporation

The study will include the overall analysis of Household Vacuum Cleaners Market and is segmented by –

Household Vacuum Cleaners Market, by Product

  • Upright
  • Stick
  • Canister
  • Robotic
  • Handheld
  • Others

Household Vacuum Cleaners Market, by Type

  • Corded
  • Cordless

Household Vacuum Cleaners Market, by Distribution Channel

  • Offline
  • Online

The Household Vacuum Cleaners Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.

Company Overview:

Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial Performance:

Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.

Product Benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic Initiatives:

  • Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.

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NOTE: All the financials considered in Company Profile’s section have been standardized to US$. This has been achieved after converting the financials (for those not in US$) with respective currency exchange rates of the particular year.

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